Sports Betting Industry News

Current Hurdles for California Sports Betting Legislation: Starts with Tribal Casinos

California isn’t short on gambling options. There are 69 total Native American Casinos which includes 50 Indian casinos in the state. There are thought to be approximately 100 card rooms with maybe 80% of those being legal. There are 5 Racetracks where you can bet on horse racing. However, when it comes to sports betting, […]

Caesar’s Entertainment Acquires William Hill

On Wednesday morning, Caesar’s Entertainment and William Hill announced an agreement that would allow Caesar’s to acquire William Hill for £2.9 billion. The acquisition will be a historic agreement between one of the largest U.S. gaming companies in Caesar’s and one of the largest sports betting companies in William Hill. “The opportunity to combine our […]

Arbitration Appears Inevitable in Flutter and Fox’s FanDuel Valuation Dispute

Yesterday, I wrote about Flutter’s 2021 earnings presentation as FanDuel reported $1.9 billion in 2021 earnings, far out-pacing its next-closest competitor in DraftKings at $1.3 billion. As FanDuel’s market share continues to grow in the expanding United States sports betting industry, the company has found a sustainable formula that will allow it to be a […]

NJ Sports Betting Sees Record November Handle Of $1.62 Billion As Revenue Jumps 19%

The New Jersey sports betting market saw $95.9 million in revenue in November, a 19.2% increase from the previous month. This could be attributed to a number of factors, such as the recent launch of ESPN BET in the state. With another successful month, New Jersey continues to lead the U.S. in terms of sports […]

Pennsylvania Sports Betting Has Strong December With $925.6 Million Handle

The Pennsylvania sports betting industry brought in a total handle of $925.6 million throughout December of 2023. The massive handle comes after strong October and November totals for Pennsylvania, with both months breaking records. The additional success of sports wagering throughout December of 2023 has further cemented Pennsylvania as one of the top betting states […]

Barstool Sportsbook Illinois Announces Launch on Thursday

After much anticipation, the Barstool Sportsbook app will launch on Thursday in Illinois. The launch was announced on Tuesday morning, and it could not come at a better time for Barstool or Penn National Gaming. Despite having just five online betting options, Illinois has grown into the fourth-largest sports betting market in the United States. […]

FanDuel to Start In-Person Sports Betting in the State of Washington

The Status of in-person sports betting in the State of Washington has just changed drastically. Sportsbook FanDuel announced that they have agreed to a partnership to gain market access for Washington in-person sports betting. FanDuel is also partnering with the Suquamish Clearwater Casino Resort in Suquamish, WA to operate the facility’s retail sportsbook. The Suquamish […]

BetMGM Sees a 26% Market Share in Q3 and Complicates Entain’s Future

United States sports betting is still in its initial developmental stages, but DraftKings and FanDuel appear to have a significant foothold in the market. However, BetMGM has been elevating its offerings and is rapidly growing to become a real competitor to those two brands. With a 26% market share reported in Q3, BetMGM has to […]

Illinois House and Senate Pass Bill to End In-Person Registration Requirement

On Thursday, October 28, HB3136 overwhelmingly passed in both the House and Senate in Illinois, presenting new changes to the legal sports betting market in the state. The Senate passed the bill by a vote of 44-12 before it moved to the House and was approved 100-11. Illinois initially legalized sports betting as part of […]